L&T-Outotec Group Gets Rs 7620 Mn Order From SAIL

L&T’s Engineering Construction and Contracts (ECC) segment, in association with Outotec GMBH, has bagged an Rs 7,620 million order for construction of a sinter plant, from SAIL.

Sinter plant of 2 X 204 square metre grate area with a total capability of 3.80 million ton annually, would be fulfilled on a turnkey basis, at the IISCO Steel Plant (ISP) of SAIL, at Burnpur, West Bengal. The project is likely to be completed in 30 months.

In a filing to the BSE, L&T stated that the order value for L&T stood at Rs 6,399.9 million, and Euro 22.08 million for Quotec.

The new sinter plant would be a part of SAIL’s challenging plan of amplifying its capacitance at ISP by 2.5 MTPA crude steel.

Outotec’s scope covers up basic engineering, supply of proprietary in addition to special equipment plus technological services whereas the company’s scope wraps up detail engineering, supply of indigenous mechanical, electrical and instrumentation works and complete site services comprising civil, structural and erection works.

At present, the company together with Outotec is carrying out a 2.3 million ton per annum Sinter Plant on turnkey basis at Tata Steel, Jamshedpur that is nearing finishing point. The consortium has also got an order, from Tata Steel, for a 5.75 million ton per annum sinter plant for the new Kalinganagar, Orissa unit.  

The company’s shares added Rs 42.9 to Rs 2,611.9. The total volume of shares dealt was 53,208 at the Bombay Stock Exchange (BSE).